There goes the new Porsche.
April is always one of the hardest months. Normally in addition to the normal crazy I have to send 6,500 into Alex's IRA, a couple of thousand into my SEP plan for my consulting work and of course a few hundred to the state. Normally I get a couple of K back from the Feds, so it pretty much balances out.
This year was different. Due to a spectacular fail at my old company in 2015, they had to refund HCE's (highly compensated Execs) a fair amount of the 401k money I put in because they don't match for shit. So I had an extra 7k of income that was taxed fed, but not state and pushed me over the threshold of almost every tax deduction because I am now rich. Great. Upshot was that I owed 1k to the state and would have owed a lot of money to the Feds if they hadn't double booked my SS money. So I'd get about 4k back.
Oddly enough because I left the company last year I got a lot of matching money from Discovery and am no longer considered an HCE at the current company this year so I can sock away a lot tax free (still no match for crap which sucks but it will put me under the limits). And end of next year I will be 50 so HCE's don't apply any more which is kind of nice.
Also due to the identity theft it will take months to get my Fed refund so I ain't holding my breath. So I'm down money.
I was thinking of buying a 928S Porsche for around 5k as a summer fix up project and had managed to put aside the money. Was going to get it next week. I say was because my moron brother (with the 5 kids, wife who stays home and of course the high mortgage house in Chicago) called me today and basically asked me for money to make the nut since he also had to pay taxes and IRA's and ya da ya.
Sure. That was the agreement a few years ago. How much. He needs 5k by Monday.
Thanks for putting it off dude.
I have about 2k in checking, 1500 in savings, $600 in house money, I have to pay my mortgage, and a few checks outstanding including the 1k for Alex for 2 weeks. So I just went down the street, cashed in 1k in bitcoins, will cash in another k tomorrow, drain savings and cash and take 1k out of checking, then trundle over to Wells Fargo and deposit it in his account. The guy must be really fucked to ask me for this and I get it. So off we go so he doesn't screw up his mortgage.
I wasn't going to give him a lecture, what's the point. And I'm not writing up an agreement because why? I don't consider this a loan, I consider this money gone. Well, not money, just a really cool blue Porsche 928S from 1986.
By Tuesday I will get my normal paycheck plus 2k for expenses and another 2500 from short term investments I sold today as reserves. That should bring me back up to normal levels, but it's still not enough to go out and splurge right now.
Ah well. He is my brother.
This year was different. Due to a spectacular fail at my old company in 2015, they had to refund HCE's (highly compensated Execs) a fair amount of the 401k money I put in because they don't match for shit. So I had an extra 7k of income that was taxed fed, but not state and pushed me over the threshold of almost every tax deduction because I am now rich. Great. Upshot was that I owed 1k to the state and would have owed a lot of money to the Feds if they hadn't double booked my SS money. So I'd get about 4k back.
Oddly enough because I left the company last year I got a lot of matching money from Discovery and am no longer considered an HCE at the current company this year so I can sock away a lot tax free (still no match for crap which sucks but it will put me under the limits). And end of next year I will be 50 so HCE's don't apply any more which is kind of nice.
Also due to the identity theft it will take months to get my Fed refund so I ain't holding my breath. So I'm down money.
I was thinking of buying a 928S Porsche for around 5k as a summer fix up project and had managed to put aside the money. Was going to get it next week. I say was because my moron brother (with the 5 kids, wife who stays home and of course the high mortgage house in Chicago) called me today and basically asked me for money to make the nut since he also had to pay taxes and IRA's and ya da ya.
Sure. That was the agreement a few years ago. How much. He needs 5k by Monday.
Thanks for putting it off dude.
I have about 2k in checking, 1500 in savings, $600 in house money, I have to pay my mortgage, and a few checks outstanding including the 1k for Alex for 2 weeks. So I just went down the street, cashed in 1k in bitcoins, will cash in another k tomorrow, drain savings and cash and take 1k out of checking, then trundle over to Wells Fargo and deposit it in his account. The guy must be really fucked to ask me for this and I get it. So off we go so he doesn't screw up his mortgage.
I wasn't going to give him a lecture, what's the point. And I'm not writing up an agreement because why? I don't consider this a loan, I consider this money gone. Well, not money, just a really cool blue Porsche 928S from 1986.
By Tuesday I will get my normal paycheck plus 2k for expenses and another 2500 from short term investments I sold today as reserves. That should bring me back up to normal levels, but it's still not enough to go out and splurge right now.
Ah well. He is my brother.